WestPark Capital Announces Closing of $25 Million IPO for Infobird Co., Ltd. (NASDAQ: IFBD)
26 April 2021 - 3:00PM
Business Wire
WestPark Capital, a full-service investment bank and securities
broker-dealer based in Los Angeles, today announced the closing of
the initial public offering ("IPO") for its client Infobird Co.,
Ltd ("Infobird" or the "Company"). WestPark was the Book-Running
Manager of the offering. 6,250,000 ordinary shares were sold for a
total of $25,000,000 in gross proceeds before fees and expenses.
Infobird’s shares began trading on The Nasdaq Global Market
("Nasdaq") on Tuesday April 20, 2021 under the trading symbol
"IFBD."
In addition, Infobird has granted the underwriters a 45-day
option to purchase up to 937,500 additional shares at the initial
public offering price less underwriting discounts and commissions,
to cover over-allotments, if any.
WestPark Capital, Inc. acted as the Lead Book-Running Managing
Underwriter to this offering.
A registration statement on Form F-1 (File No. 333-251234), as
amended, including a prospectus relating to the offering, was filed
with the U.S. Securities and Exchange Commission (the “SEC”) and
was declared effective by the SEC on March 31, 2021. The offering
of the ordinary shares was made only by means of a prospectus.
Copies of the final prospectus relating to the offering may be
obtained on the SEC’s website at www.sec.gov and may also be
obtained from WestPark Capital, Inc., 1900 Avenue of the Stars,
Suite 300, Los Angeles, CA, 90067, or by email at
jstern@wpcapital.com.
Before you invest, you should read the prospectus and other
documents the Company has filed or will file with the SEC for more
complete information about the Company and the Offering. This press
release does not constitute an offer to sell, or the solicitation
of an offer to buy any of the Company's securities, nor shall such
securities be offered or sold in the United States absent
registration or an applicable exemption from registration, nor
shall there be any offer, solicitation or sale of any of the
Company's securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state or
jurisdiction.
About Infobird Co., Ltd
Infobird, headquartered in Beijing, China, is a
software-as-a-service provider of innovative AI-powered, or
artificial intelligence enabled, customer engagement solutions in
China. For more information, visit Infobird’s website at
www.Infobird.com.
About WestPark Capital, Inc.
WestPark Capital is a full-service investment bank focused on
emerging growth sectors such as healthcare, software, technology,
biotechnology, financial services, manufacturing, consumer
products, media and telecom industries, among other categories.
WestPark Capital provides a comprehensive range of corporate
finance services, including initial public offerings, follow-on
offerings, ATMs, Registered Direct Offerings (RD), CMPOs, private
placements, SIPOs and corporate finance advisory services.
Additional information about WestPark Capital is available at
www.wpcapital.com or by email at info@wpcapital.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210426005110/en/
WestPark Contact WestPark Capital, Inc. Jay Stern
jstern@wpcapital.com (310) 203-2919 Infobird Contact Infobird Co.,
Ltd Yimin Wu, Chief Executive Officer and Chairman of the Board of
Directors wuym@infobird.com 86-010-52411819
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